Doesn't make a lot of headlines, for a number of reasons, not all of them political.

Condaleezza Rice marked it with a speech today.

"The results have been impressive. PSI provided the framework for action in the 2003 interdiction of the ship BBC China. That interdiction played a major role in the unraveling of the A.Q. Kahn network and figured in Libya's wise decision to eliminate its WMD and longer range missile programs.

Since then, PSI cooperation has continued to yield results. In the last nine months alone, the United States and ten of our PSI partners have quietly cooperated on 11 successful efforts. For example, PSI cooperation stopped the transshipment of material and equipment bound for ballistic missile programs in countries of concern, including Iran. PSI partners, working at times with others, have prevented Iran from procuring goods to support its missile and WMD programs, including its nuclear program. And bilateral PSI cooperation prevented the ballistic missile program in another region from receiving equipment used to produce propellant."